Codan is transferred to the observation list

| Source: Nasdaq Copenhagen A/S Nasdaq Copenhagen A/S 

The Copenhagen Stock Exchange has transferred the below ISIN code to the
observation list today: 

ISIN	Name in Official List
DK0010288638	Codan

Codan has been transferred due to the fact that Royal & Sun Alliance has made
an offer to the shareholders in Codan. 

For further information, please see the announcement of 24 May 2007 from Codan.

For further information, please contact: Anette Lonsdale, Surveillance, tel.
+45 33 93 33 66

Attachments

codan - overfrsel uk.pdf